Economic reality

There is little in this current stock market environment that reflects economic reality.  While some segments of the economy do show some improvement these advances are more than offset by the continued problems in real estate along with the prospect of a U.S. debt load that is nothing short of staggering.  Be warned here.  This stock market level is not sustainable for much longer.  Perhaps there will be some further price gains this summer, but by the time the leaves start to fall I fear that comparisons with last autumn may be the order of the day.

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